-$0.18 Earnings Per Share Expected for EP Energy Corporation (NASDAQ:EPEG) This Quarter

Wall Street analysts expect EP Energy Corporation (NASDAQ:EPEG) to report ($0.18) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for EP Energy’s earnings, with the lowest EPS estimate coming in at ($0.22) and the highest estimate coming in at ($0.12). EP Energy reported earnings of ($0.04) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 350%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, November 6th.

On average, analysts expect that EP Energy will report full year earnings of ($0.66) per share for the current financial year, with EPS estimates ranging from ($0.77) to ($0.53). For the next financial year, analysts anticipate that the company will post earnings of ($0.91) per share, with EPS estimates ranging from ($1.13) to ($0.48). Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow EP Energy.

EP Energy (NASDAQ:EPEG) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. The business had revenue of $256.00 million for the quarter, compared to analyst estimates of $240.09 million.

Separately, Zacks Investment Research raised shares of EP Energy from a “sell” rating to a “hold” rating in a report on Friday, September 13th.

Shares of EPEG remained flat at $$0.04 during mid-day trading on Wednesday. 64,756 shares of the stock traded hands, compared to its average volume of 925,787. The firm’s fifty day simple moving average is $0.08. EP Energy has a 52 week low of $0.03 and a 52 week high of $2.55.

About EP Energy

EP Energy Corporation, an independent exploration and production company, engages in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. Its assets are located primarily in three areas, such as the Eagle Ford Shale in South Texas; Northeastern Utah in the Uinta basin; and the Permian basin in West Texas.

Further Reading: Front-End Load

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